After costs, if the gap returns to its 7d average, $10k−$16
spread now+0.068%7d average+0.007%fees + slippage, in and out−$22spread needed0.223%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ZRO_USDT | 1.1711 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $17.8M | $3.9M | 125x |
| Short | Backpack ZRO_USDC_PERP | 1.1719 | −0.0321 | pay 0.0040% / 1h | 31m 41s | $92K | $202K | 20x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.83
- Funding while held
- −$12.62
- Slippage, 4 orders
- −$12.28
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$28.07
- Spread needed to break even
- 0.223%
Slippage from MEXC: live order book, 3 min ago; Backpack: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0421%
- Per $10,000 a day
- −$12.62
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 3 min ago | 0.43 bp | 4.9 bp −$5 | 32.9 bp −$329 | 72.9 bp −$7,291 | 460.6 bp −$230.3K |
| Sell Backpack live order book, 8 min ago | 0.43 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
ZRO price on every exchange
against the cheapest. Click to use as the short leg.ZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ZRO | −0.270% | +0.0100% | 4h | $2.2M | $894K | — | as long as short |
| Nado ZRO-PERP | −0.165% | +0.0282% | 1h | $1.3M | $134K | 5x | as long as short |
| Aevo ZRO-PERP | −0.129% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | −0.117% | +0.0096% | 1h | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.111% | +0.0100% | 4h | $18.1M | $17.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | −0.111% | +0.0100% | 4h | $3.2M | $8.0M | 20x | as long as short |
| Kraken Futures PF_ZROUSD | −0.069% | +0.0098% | 1h | $258K | $574K | 25x | as long as short |
| KuCoin ZROUSDTM | −0.068% | +0.0100% | 4h | $2.5M | $1.6M | 50x | as long as short |
| Bitget ZROUSDT | −0.068% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| Polymarket Perps ZRO-USD | −0.068% | +0.0100% | 1h | $78K | $900K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | −0.060% | +0.0002% | 4h | $20K | $7K | 10x | as long as short |
| Extended ZRO-USD | −0.060% | +0.0392% | 1h | $777K | $535K | 10x | as long as short |
| Binance ZROUSDT | −0.048% | +0.0100% | 4h | $22.5M | $35.1M | 75x | as long as short |
| Pacifica ZRO | −0.048% | +0.0100% | 1h | $141K | $222K | 5x | as long as short |
| Gate ZRO_USDT | −0.009% | +0.0100% | 4h | $1.3M | $2.2M | 75x | as long as short |
| BingX ZRO-USDT | −0.009% | +0.0100% | 4h | — | $9.0M | — | as long as short |
| MEXC ZRO_USDTlong | 0.000% | +0.0100% | 4h | $17.8M | $3.9M | 125x | |
| dYdX ZRO-USD | +0.067% | +0.0005% | 1h | $21K | $2K | 5x | as long as short |
| Backpack ZRO_USDC_PERPshort | +0.068% | −0.0321% | 1h | $92K | $202K | 20x | |
| GMX ZRO/USD [ETH-USDC] | +0.073% | L +0.0282% / S −0.2124% | 1h | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.084% | +0.0100% | 1h | $38.2M | $7.9M | 5x | as long as short |
| Aster ZROUSDT | +0.110% | +0.0100% | 4h | $156K | $157K | 10x | as long as short |
| Lighter ZRO | +0.155% | +0.0488% | 1h | $4.7M | $1.3M | 5x | as long as short |
| BloFin ZRO-USDT | +0.213% | +0.0103% | 4h | $1.1M | $274K | 75x | as long as short |
| ApeX Omni ZROUSDT | +0.418% | +0.0100% | 1h | $37K | $681K | 50x | as long as short |
| Injective ZRO/USDC PERP | +0.760% | +0.1291% | 1h | $12K | $122K | 12x | as long as short |
MEXC ZRO_USDT
Backpack ZRO_USDC_PERP
Variational Omni
Bybit
OKX
Kraken Futures
KuCoin
Bitget
Polymarket Perps
Extended
Binance
Pacifica
Gate
BingX
GMX
Hyperliquid
Aster
Lighter
BloFin
ApeX Omni
Injective